Blink Charging Co. [NASDAQ: BLNK] closed the trading session at $11.46 on 08/12/20. The day’s price range saw the stock hit a low of $10.395, while the highest price level was $11.57. The company report on August 12, 2020 that Blink Charging Launches Significant Upgrades to the Blink Network and Membership Experience.
Redesigned Blink Network for members and hosts improves user experience and is optimized for mobile users.
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Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the “Company”), a leading owner and operator of electric vehicle (EV) charging equipment and services, today announced significant changes to its membership program in conjunction with an improved network user experience and completely redesigned website.
The stocks have a year to date performance of 516.13 percent and weekly performance of -9.05 percent. The stock has been moved at 391.85 percent over the last six months. The stock has performed 94.90 percent around the most recent 30 days and changed 562.43 percent over the most recent 3-months.
If compared to the average trading volume of 6.69M shares, BLNK reached to a volume of 5623230 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Blink Charging Co. [BLNK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BLNK shares is $6.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BLNK stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Blink Charging Co. is set at 1.50, with the Price to Sales ratio for BLNK stock in the period of the last 12 months amounting to 94.53. The Price to Book ratio for the last quarter was 67.41, with the Price to Cash per share for the same quarter was set at 0.11.
BLNK stock trade performance evaluation
Blink Charging Co. [BLNK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.05. With this latest performance, BLNK shares gained by 94.90% in over the last four-week period, additionally plugging by 391.85% over the last 6 months – not to mention a rise of 304.95% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BLNK stock in for the last two-week period is set at 62.88, with the RSI for the last a single of trading hit 60.72, and the three-weeks RSI is set at 63.73 for Blink Charging Co. [BLNK]. The present Moving Average for the last 50 days of trading for this stock 6.05, while it was recorded at 11.32 for the last single week of trading, and 2.98 for the last 200 days.
Blink Charging Co. [BLNK]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Blink Charging Co. [BLNK] shares currently have an operating margin of -379.53 and a Gross Margin at -240.92. Blink Charging Co.’s Net Margin is presently recorded at -349.69.
Return on Total Capital for BLNK is now -85.30, given the latest momentum, and Return on Invested Capital for the company is -80.70. Return on Equity for this stock declined to -82.01, with Return on Assets sitting at -57.44. When it comes to the capital structure of this company, Blink Charging Co. [BLNK] has a Total Debt to Total Equity ratio set at 3.84. Additionally, BLNK Total Debt to Total Capital is recorded at 3.70, with Total Debt to Total Assets ending up at 2.39. Long-Term Debt to Equity for the company is recorded at 1.14, with the Long-Term Debt to Total Capital now at 1.10.
Reflecting on the efficiency of the workforce at the company, Blink Charging Co. [BLNK] managed to generate an average of -$144,007 per employee. Receivables Turnover for the company is 14.72 with a Total Asset Turnover recorded at a value of 0.16.Blink Charging Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.40.
Earnings per share (EPS) analysis for Blink Charging Co. [BLNK] stock
With the latest financial reports released by the company, Blink Charging Co. posted -0.09/share EPS, while the average EPS was predicted by analysts to be reported at -0.13/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 30.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BLNK.
Blink Charging Co. [BLNK]: Insider Ownership positions
There are presently around $19 million, or 6.10% of BLNK stock, in the hands of institutional investors. The top three institutional holders of BLNK stocks are: VANGUARD GROUP INC with ownership of 760,975, which is approximately 3.792% of the company’s market cap and around 6.20% of the total institutional ownership; BLACKROCK INC., holding 382,838 shares of the stock with an approximate value of $4.39 million in BLNK stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $1.29 million in BLNK stock with ownership of nearly -12.63% of the company’s market capitalization.
Positions in Blink Charging Co. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 17 institutional holders increased their position in Blink Charging Co. [NASDAQ:BLNK] by around 183,600 shares. Additionally, 10 investors decreased positions by around 107,684 shares, while 11 investors held positions by with 1,383,158 shares. The mentioned changes placed institutional holdings at 1,674,442 shares, according to the latest SEC report filing. BLNK stock had 7 new institutional investments in for a total of 54,513 shares, while 6 institutional investors sold positions of 40,613 shares during the same period.